This 4-hour BTC/USD chart showcases a strong bullish technical setup.
A bullish flag pattern has clearly formed and broken to the upside, indicating a continuation of upward momentum. After the breakout, price action surged strongly, suggesting buyer dominance.
🔺 Trading Zones:
Entry Zone (Green Box): Around 107,400
Target Zone: 110,000 – 110,110
Stop Loss: 106,732
📌 The shaded purple zones below represent potential support areas, where bulls may re-enter if the price pulls back.
📈 Overall trend remains bullish as long as the price stays above 106,732.
A bullish flag pattern has clearly formed and broken to the upside, indicating a continuation of upward momentum. After the breakout, price action surged strongly, suggesting buyer dominance.
🔺 Trading Zones:
Entry Zone (Green Box): Around 107,400
Target Zone: 110,000 – 110,110
Stop Loss: 106,732
📌 The shaded purple zones below represent potential support areas, where bulls may re-enter if the price pulls back.
📈 Overall trend remains bullish as long as the price stays above 106,732.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.